Text 30389, 210 rader
Skriven 2009-03-28 11:38:57 av Roy Witt (1:397/22)
Kommentar till text 30374 av Michiel van der Vlist (2:280/5555)
Ärende: How the US will split
=============================
28 Mar 09 08:55, Michiel van der Vlist wrote to Roy Witt:
MvdV>>> Electronic transfers are no more than the electronic equivalent
MvdV>>> of issuing IOU's. A system that heavely depends on trust. Trust
MvdV>>> that when push comes to shove the debt will be honoured.
RW>> Exactly. I made one of those transfers just last week. I bought pro-
RW>> perty along the shores of Lake Michigan and wired the payment thru
RW>> my bank to theirs. I got something tangible, while they got an IOU.
RW>> ;o)
MvdV> And it works because the seller trusts that the IOU from his bank
MvdV> will be honoured when push comes to shove. Which in turn works
MvdV> because his bank trusts that the IOU issued by your bank will be
MvdV> honoured.
But when he goes to his bank to withdraw the full amount, they'll tell him
that only a certain amount can be withdrawn.
MvdV> Had your bank a history of defaulting on IOUs, the bank in Michigan
MvdV> would not accept an IOU from your bank and the deal could not have
MvdV> been made that way.
I had never heard of his bank before, but when researching it, I found
many branches in the area. Even my banker was cautious with the
transaction until he researched it. I suppose they weren't familiar with
my bank either and were just as cautious on their end. Anyway, title
showed up here yesterday, so I guess all is well on both ends now.
MvdV>>> You say that when Texas splits off from the US, it will give
MvdV>>> the middle finger to those who want Texas to pay their share of
MvdV>>> the US national debt. Now how trustworthy is a country that
MvdV>>> just weaseled itself out from under their fair share of a 1000
MvdV>>> billion Dollar debt?
RW>> Weaseled? They take no part of the billions of tax dollars given
RW>> away by a government that has tripled the national debt. A debt that
RW>> my great grandchildren will be paying for, if Texas doesn't seceed.
MvdV> Yep, that is in the game. The union is for better or for worse. By
MvdV> joining he union, the government giving away those billions is the
MvdV> Texas government too
Wrong. Federal taxes are paid directly to the federal government. Texas
government has nothing to do with it.
MvdV> and so Texas is responsible for its fair share of its spendings.
No, Texas (and the other 49) is a state and it's responsibility is to it's
people, not the federal government.
MvdV> If Texas seceeds without paying that debt, it will be perceived as
MvdV> defaulting by the rest of the world.
Doubtful.
MvdV> And then you can forget about cross state electronic transfers.
Doubtful there too. As an independant country, it will be as solvent as
the other states who don't spend and spend until there's nothing left to
spend.
MvdV> Anyone selling something to a Texan will demand REAL money...
And they'll get it. In the form of an IOU drawn on the Texas treasury,
which is in surplus at $9billion (unlike the US federal reserve).
MvdV>>> Don't be surprised if those you trade with, refuse your IOUs
MvdV>>> and insist on the gold.
RW>> Actually, they will be less inclined to deal with a government who
RW>> is in debt to China for the next century,
MvdV> There is that too...
RW>> than they will with a government who knows it's financial
RW>> limitations and has an actual 9 billion dollar reserve.
MvdV> The rest of the world will not forget about Texas' fair share of
MvdV> the debt to China. with or without secession.
There is no fair share to that debt. The feds say that the debt will cost
each taxpayer born today, over $20,000/yr...but if the states seceed from
that debt, then those who're left will be paying more.
MvdV>>> Could be that there is a niche market for US beaf.
RW>> In fact there is. Because US beef is much better than it's
RW>> counterpart from other countries.
MvdV> "Better" is in the eye of the beholder.
Ask Ward...he seems to think as many of us do about it.
RW>> The marbeling from the fat makes the beef tender and very tasty,
RW>> while South American beef if not so tender and not so tasty.
MvdV> According to YOUR taste. Other may perceive the fat for what it is:
MvdV> FAT. In this part of the world animal fat is considered a health
MvdV> hazard.
It is in every part of the world. Lean meat isn't very tasty.
MvdV>>> If so, the European fancy restaurants will survive without US
MvdV>>> beef. If not...well Europe will survive without fancy
MvdV>>> restaurants. No skin of my back.
RW>> That's what they said about taverns and bars too, when they outlawed
RW>> the sale of liquor. It didn't turn out that way.
MvdV> Apples and oranges. Liquor is and never was a nice market. US beef
MvdV> is.
I wasn't comparing the liquor market to the beef market.
Both are as good a market as the other. While in the liquor business, it
was once outlawed because it was thought to be the bain of mankind, when
in fact, it wasn't nearly as bad as the crimes that ensued when it was
outlawed. Just as today Canada's high taxes on tobacco products has
created a blackmarket in tobacco products smuggled into Canada.
What did it cost, Joe; $2.00 a cigarette?
RW>>>>>> Your beef may be Argentinian, or it could be Texican shipped
RW>>>>>> via Aregentina.
MvdV>>>>> That would show on the record. As it is.. no US beaf on the
MvdV>>>>> shelve here.
RW>>>> It's usually kept in the cooler.
MvdV>>> Yep, om the shelves in the cooler.
RW>> Meanwhile, they keep corned beef on the shelves with the other
RW>> canned foods.
MvdV> I am not talked canned food.
cooler <> shelves is >< canned <> shelves...
MvdV> I am talking fresh beef and the fact is that there is no US beef
MvdV> sold in the shops and supermarkets in this part of the world.
You've already stated that.
RW>>>> I'm told it's the best there is.
MvdV>>> "Best" is largely a matter if taste. Often an acquired taste.
MvdV>>> So statements like that do not mean very much.
RW>> The snowbirds seem to think so, as they buy it before any other in
RW>> the supermarkets here. Being from the northern states where winter
RW>> is still raging, they have a better idea of the variety.
MvdV> Conjecture...
LOL! That's not conjecture. I've lived in both worlds and know the
difference when I taste it.
MvdV>>> When I moved from the Netherlands to South Africa, one of the
MvdV>>> things I missed was the Dutch coffee. Compared to that what was
MvdV>>> sold in South Africa was terrible.
RW>> That's what I thought about beer when I went east of the Mississippi
RW>> river to visit relatives. The best they had to offer was Pabst Blue
RW>> Ribbon, a Milwaukee, Wisconsin brew. Along the way I'd stop and
RW>> pickup a case or two of Coors (yuck) for my BIL. In turn, he'd buy
RW>> me some Carling Black Label beer, a local brew that wasn't found
RW>> west of the Mississippi. Now I can't get what was my favorite beer
RW>> brewed in the northwest because it's a west coast exclusive. So, I
RW>> no longer drink beer.
MvdV> You just have to acquire a taste for whatever you can get.
If I were my son. He just told me via Facebook that he's selected the 5
best beers available to him in Denver, CO. Poor guy! He pays $16 for a
six-pack of that crap Joe B. drank when he was there last week. Belgian
Blue Moon?
MvdV>>> So when one of my friends from The Netharlands came to visit
MvdV>>> me, I asked them to bring some Dutch coffee. And you know
MvdV>>> what... it was a bummer. It tasets like nothing. apparently
MvdV>>> may taste had adapted. Coffee is an acquired taste and
MvdV>>> acquired taste can be lost.
RW>> But it can also be re-aquired.
MvdV> Of course. When I returned, I quickly re-acquired the taste for
MvdV> Dutch coffee. But now I do I hardly drink coffee any more.
We still have half an American pound of coffee that was given to us for a
house warming party in 2005. It's good coffee, but we don't drink that
much of it. Still good too, as it's been refrigerated all that time.
MvdV>>> Good for you, but there is plenty of refining capacity in
MvdV>>> Europe. We won't miss yours.
RW>> I doubt there's any US refined oil going to Europe anyway.
MvdV> Probably not.
Nor any coming this way either.
R\%/itt
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